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Bank of America Says Interest Rates Could Rise Significantly if Oil Prices Keep Climbing

By ChordNews · First written

Interest rates could go ‘significantly higher’ if oil prices keep climbing — even if the Iran war ends soon
Image: marketwatch.com
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Summary

MarketWatch reports that interest rates could go significantly higher if oil prices keep climbing, even if the Iran war ends soon. Strategists at Bank of America found a dramatic correlation between interest rates and oil prices in the U.S., U.K. and Germany.

This continues an earlier story: Oil rises on fears the US may resume military strikes against Iran

Timeline

  1. MarketWatch

    Source ↗

    MarketWatch reports that Bank of America strategists found a dramatic correlation between interest rates and oil prices in the U.S., U.K. and Germany, and that rates could go significantly higher if oil keeps climbing even if the Iran war ends soon.

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